Due to the continuing rise in energy prices due to the situation on Ukraine and problems in the labor markets, a large number of Britons were predicted to live in poverty in a short time. Bloomberg citing data from the British National Institute for Economic and Social Research NIESR predictedthat up to a million people in the country will face impoverishment next year.
It is noted that in the near future 250 thousand families will be in “extreme poverty”, and the UK should prepare for a recession. To solve this problem, the authorities need to provide a support package in the amount of $5.2 billion, experts calculated. In their opinion, inflation at the end of this year will be 14.4 percent, which will be the highest figure in the last 40 years.